Karachi: Burj Clean Energy Modaraba, under the designated market category of GEM, has announced recent share transactions involving one of its executive directors. According to a statement provided by the company, Nabeel Anjum Malik, an Executive Director at Burj Clean Energy Modaraba, has executed a series of share purchases.

According to the details disclosed, Mr. Malik made transactions over three consecutive days. On May 5, 2025, he bought 1,000 shares at a rate of 10.00 per share, bringing his cumulative shareholding to 9,000 shares, representing 0.01% of the company's total shares. The subsequent day, May 6, 2025, saw Mr. Malik acquiring an additional 800 shares at the same rate of 10.00 per share, increasing his cumulative holdings to 9,800 shares, maintaining a 0.01% share of the company.

On May 7, 2025, Mr. Malik purchased another 1,000 shares, this time at a slightly lower rate of 9.00 per share. This brought his total number of shares to 10,800, with his cumulative percentage still reflecting a 0.01% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), the transactions were conducted in the 'Ready' market, with all shares held in the Central Depository Company (CDC) form. The disclosure of these transactions was made in compliance with PSX Regulation 5.6.4, which mandates the reporting of share dealings by directors, executives, and substantial shareholders, including their immediate family members.

The transactions underscore the ongoing engagement and financial interest of the executive director in Burj Clean Energy Modaraba, aligning with regulatory requirements for transparency and disclosure.